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The Future of Downtown San Diego Real Estate
Selection of condos available for sale in Downtown San Diego will continue to be tight. As of September 2021, only 1.0% of the total condo market is up for sale (roughly 137 for sale out of 10,850 total condos). If you want to buy a condo hurry up and start shopping in person and try to buy one before your choices become more limited and you eventually face more competition. The for sale inventory is getting to a crisis level if your a buyer, lately there have been cases where in a 250 unit building there is nothing for sale at times. On average most condos are selling within 28 days and at 99.1% of asking price.
The downtown market has been the slowest area of SD to recover from Covid. Reason is its a dense community and a lot of buyers stayed away from downtown last year. Now with vaccines available and people not as afraid as they were last year, the out of town buyers are starting to come back looking and buying places. Also everything is back open and residents can again "walk to everything".
I'm expecting very little turnover this year. If you want a brand new condo, you have to wait till 2025 or later as there are no new condo buildings under construction at the moment. A lot of owners have been doing total remodels on their existing condos, so its possible to buy a resale with a newer interior. All but two condo buildings in downtown are over 10 years old now, most are 15-20 years old and just a select few over 20 years old.
In 2021 the California Association of Realtors economist is projecting prices to rise 4.1% on average statewide. Corelogic is projecting prices in San Diego to go up 8%. Zillow is projecting prices to rise 9.7% in downtown San Diego (92101) this year 2021.
Click here to see my price history chart.
There are two huge construction projects going on in Downtown San Diego that will add several thousand jobs and buyers for near by residential properties. To read about them see the articles on my blog.
Popular San Diego Neighborhoods
Newest Downtown San Diego Condos for Sale
Part of the 150 unit Laurel Bay condominium community on Bankers Hill, this well-appointed 2nd floor 787 square foot 1bedroom/1bath with its own deeded interior parking s...
- 1 Beds
- 1 Baths
- 210026672 MLS
- Laurel Bay Bldg.
- ACTIVE Status
Sculptured in Excellence! Welcome to the iconic and profound Pacific Gate as you enter a world of unrivaled luxury, brought to life by Globally renowned architecture firm...
- 2 Beds
- 2 Baths
- 210026621 MLS
- Pacific Gate Bldg.
- ACTIVE Status
Highly Desirable Walk-up Loft from award winning Architect Jonathan Segal. Functional designed open loft concept with 18' ceilings and soaring South facing windows, invi...
- 1 Beds
- 1 Baths
- 210026575 MLS
- Moto Villas Bldg.
- ACTIVE Status
Resort style living in downtown at Park Row. Rarely available first floor home that boasts a large south facing patio. Easy access to underground parking, pool, and clubh...
- 1 Beds
- 1 Baths
- 210026566 MLS
- Park Row Bldg.
- ACTIVE Status
Enjoy beautiful sunsets, San Diego Bay & Pacific Ocean views from this luxury 2 bedroom, 2 bathroom residence with prime location in downtown San Diego's prestigious Mari...
- 2 Beds
- 2 Baths
- 210026534 MLS
- Horizons Bldg.
- ACTIVE Status
LOCATION, LOCATION. In the heart of Little Italy. Right outside your door are the top restaurants and entertainment venues that San Diego has to offer. Close to the airpo...
- 1 Beds
- 1 Baths
- NDP2110806 MLS
- Portico Bldg.
- ACTIVE Status
Come live your best life in this gorgeous corner unit residence located within the highly desirable community of The Mills at Cortez Hill. This amazing remodeled property...
- 3 Beds
- 2 Baths
- 210026457 MLS
- The Mills At Cortez Hill Bldg.
- ACTIVE Status
Fall in love with the way you live. Resort style living from the moment you enter your Grande North residence. Lush palm trees, sparkling bay views and colorful cityscape...
- 2 Beds
- 2 Baths
- 210026421 MLS
- The Grande North Bldg.
- ACTIVE Status
Best in downtown San Diego and walking distance to Little Italy and the ocean. Breeza 5th floor interior location with beautiful garden views. Exceptional home with 1 bed...
- 1 Beds
- 1 Baths
- OC21204222 MLS
- ACTIVE Status
Perfect for the Urban Dweller! This 1 bed, 1 bath condo is just steps from it all in East Village! Stroll to a game at Petco Park or hop on the trolley to Little Italy f...
- 1 Beds
- 1 Baths
- 210026354 MLS
- Park Blvd West Bldg.
- ACTIVE Status
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS®,
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